XIAN LENG HOLDINGS BERHAD (“XLB” OR THE “COMPANY”) · PROPOSED BONUS ISSUE; · PROPOSED EMPLOYEES’ SHARE OPTION SCHEME (“PROPOSED ESOS”); · PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND · PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF XLB FROM THE SECOND BOARD TO THE MAIN BOARD OF THE KUALA LUMPUR STOCK EXCHANGE (“PROPOSED TRANSFER”) (COLLECTIVELY, THE “PROPOSALS”)

XIAN LENG HOLDINGS BERHAD

Type

Announcement
SubjectXIAN LENG HOLDINGS BERHAD (“XLB” OR THE “COMPANY”)

· PROPOSED BONUS ISSUE;

· PROPOSED EMPLOYEES’ SHARE OPTION SCHEME (“PROPOSED ESOS”);

· PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND

· PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE
ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF XLB FROM
THE SECOND BOARD TO THE MAIN BOARD OF THE KUALA LUMPUR STOCK
EXCHANGE (“PROPOSED TRANSFER”)

(COLLECTIVELY, THE “PROPOSALS”)

Contents :

1. INTRODUCTION

2. DETAILS OF THE PROPOSALS 3. RATIONALE OF THE PROPOSALS 4. EFFECTS OF THE PROPOSALS 5. CONDITIONS OF THE PROPOSALS 6. DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS 7. DIRECTORS’ STATEMENT 8. ADVISER 9. TIMING OF SUBMISSION TO THE SC This announcement is dated 12 December 2002.
Table 1 – Effects on the issued and paid-up share capital of XLB
No. of XLB Shares
‘000
Existing as at 10 December 2002
48,280
To be issued pursuant to the:
Proposed Bonus Issue
24,140
Proposed ESOS (assuming full exercise of the Options)
7,242
Enlarged issued and paid-up share capital
79,662



Announcement Info

Company NameXIAN LENG HOLDINGS BERHAD  
Stock Name XIANLNG    
Date Announced12 Dec 2002  
CategoryGeneral Announcement
Reference NoMM-021212-53130